On January 23, 2002, the face amount of marketable U.S. government and federal agency securities held in custody by the Federal ReserveBanks for foreign official and international accounts was $ 723,480 million, a change of $ - 5,886 million for the week. The total includes$ 594,291 million of U.S. government securities and $ 129,189 million of federal agency securities. The total includes the face value ofU.S. Treasury strips and other zero coupon bonds.1 Face value of the securities.2 Net of $ 20,782 million (daily average over statement week) and $ 18,744 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 20,782 million (daily average) and $ 18,744 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 2,473 million (daily average) and $ 1,667 million (outstanding on Wednesday statement date) that are fully collateralized by other U.S. government securities.3 Includes $ 10,186 million of inflation-indexed securities valued at the original face amount and $ 947 million of compensation that adjusts for the effects of inflation on the principal of such securities.4 Cash value of agreements arranged through third-party custodial banks. These agreements are collateralized by U.S. government and federal agency securities.5 Consists of required clearing balances of $ 8,402 million and adjustments of $ 810 million to compensate for float.6 Excludes required clearing balances and adjustments to compensate for float.

* Estimated (Treasury's figures).Components may not add to totals due to rounding.

Worksheet for H.4.1 (a)

CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKSMillions of Dollars

Change Since

ASSETS

*

Wednesday Jan 23, 2002

Wednesday Jan 16, 2002

Wednesday Jan 24, 2001

Gold certificate account

11,045

0

- 1

Special drawing rights certificate account

2,200

0

0

Coin

1,120

+ 26

+ 92

Loans

62

+ 48

+ 34

Acceptances

0

0

0

Repurchase agreements -- triparty (1)

56,500

+ 25,600

+ 23,500

Federal agency obligations (2)

Bought outright

10

0

- 120

Held under repurchase agreements

0

0

0

U.S. government securities (2)

Bought outright--Bills

187,154

- 605

+ 2,644

Notes (3)

268,571

+ 838

+ 27,985

Bonds (4)

104,470

+ 232

+ 11,125

Total bought outright (5)

560,195

+ 465

+ 41,754

Held under repurchase agreements

0

0

0

Total U.S. government securities

560,195

+ 465

+ 41,754

Total loans and securities

616,766

+ 26,112

+ 65,168

Items in process of collection

(722)

14,733

+ 6,076

+ 5,918

Bank premises

1,513

+ 1

+ 50

Other assets (6)

36,517

+ 394

+ 962

TOTAL ASSETS

(722)

683,894

+ 32,609

+ 72,188

LIABILITIES

Federal Reserve notes

600,651

+ 123

+ 50,940

Reverse repurchase agreements -- triparty (1)

0

0

0

Deposits

Depository institutions

44,456

+ 26,587

+ 15,778

U.S. Treasury--general account

9,850

+ 3,131

+ 2,493

Foreign--official accounts

284

+ 196

+ 215

Other

(0)

220

- 18

- 42

Total deposits

(0)

54,811

+ 29,896

+ 18,445

Deferred availability cash items

(722)

11,030

+ 2,652

+ 3,338

Other liabilities and accrued dividends (7)

2,309

- 44

- 1,714

TOTAL LIABILITIES

(722)

668,801

+ 32,627

+ 71,009

CAPITAL ACCOUNTS

Capital paid in

7,420

+ 1

+ 409

Surplus

7,272

- 5

+ 974

Other capital accounts

401

- 13

- 204

*Figures in parentheses are the eliminations made in the consolidation process.1 Cash value of agreements arranged through third-party custodial banks.2 Face value of the securities.3 Includes $ 5,766 million of inflation-indexed securities valued at the original face amount and $ 558 million of compensation that adjusts for the effects of inflation on the principal of such securities.4 Includes $ 4,420 million of inflation-indexed securities valued at the original face amount and $ 388 million of compensation that adjusts for the effects of inflation on the principal of such securities.5 Net of $ 18,744 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 1,667 million that are fully collateralized by otherU.S. government securities.6 Includes assets denominated in foreign currencies, revalued daily at market exchange rates.7 Includes exchange-translation account reflecting the daily revaluation at market exchange rates of foreign exchange commitments.Components may not add to totals due to rounding.

MATURITY DISTRIBUTION OF LOANS AND SECURITIES, January 23, 2002

Millions of dollars

U.S. governmentsecurities (1,2)

Federal agencyobligations(2)

Loans

Holding

Weeklychanges

Holdings

Weekly change

RepurchaseAgreementsTriparty(3)

ReverseRepurchaseAgreementsTriparty(3)

Within 15 days

60

24,147

+ 1,525

0

0

51,500

0

16 days to 90 days

2

114,976

- 1,911

0

0

5,000

0

91 days to 1 year

0

131,815

- 219

0

0

------

------

Over 1 to 5 years

157,733

+ 1,073

10

0

------

------

Over 5 to 10 years

51,628

- 2

0

0

------

------

Over 10 years

79,896

- 1

0

0

------

------

Total

62

560,195

+ 465

10

0

56,500

0

1 Includes $ 10,186 million of inflation-indexed securities valued at the original face amount and $ 947 million of compensation that adjusts for the effects of inflation on the principal of such securities.2 Includes face value of securities held under repurchase agreements classified by the remaining maturity of the agreements.3 Cash value of agreements arranged through third-party custodial banks classified by remaining maturity of the agreements.Components may not add to totals due to rounding.

H.4.1 (b)

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON January 23, 2002Millions of dollars

ASSETS

Total

Boston

New York

Philadelphia

Cleveland

Richmond

Atlanta

Chicago

St. Louis

Minneapolis

Kansas City

Dallas

SanFrancisco

Gold certificate account

11,045

546

4,451

454

538

741

871

1,028

343

143

317

477

1,136

Special drawing rights certif. acct.

2,200

115

874

83

104

147

166

212

71

30

66

98

234

Coin

1,120

62

61

52

64

172

122

127

63

34

77

140

147

Loans

62

4

0

0

0

7

0

39

2

1

1

4

4

Acceptances

0

0

0

0

0

0

0

0

0

0

0

0

0

Repurchase Agreements -- triparty(1)

56,500

0

56,500

0

0

0

0

0

0

0

0

0

0

Federal agency obligations(2)

Bought outright

10

1

4

0

1

1

1

1

0

0

0

0

1

Held under repurchase agreements

0

0

0

0

0

0

0

0

0

0

0

0

0

U.S. government securities(2)

Bought outright--Bills

187,154

11,245

76,665

7,687

10,957

11,181

12,869

21,197

6,746

584

5,777

3,393

18,855

Notes (3)

268,571

16,136

110,016

11,031

15,723

16,045

18,468

30,418

9,680

838

8,290

4,869

27,058

Bonds (4)

104,470

6,277

42,794

4,291

6,116

6,241

7,184

11,832

3,765

326

3,224

1,894

10,525

Total bought outright(5)

560,195

33,658

229,474

23,009

32,797

33,466

38,521

63,446

20,191

1,748

17,291

10,155

56,438

Held under repurchase agreements

0

0

0

0

0

0

0

0

0

0

0

0

0

Total U.S.govt. securities

560,195

33,658

229,474

23,009

32,797

33,466

38,521

63,446

20,191

1,748

17,291

10,155

56,438

Total loans and securities

616,766

33,662

285,978

23,010

32,797

33,474

38,521

63,486

20,194

1,748

17,292

10,160

56,444

Items in process of collection

15,455

1,145

2,123

327

644

1,072

1,788

1,230

755

1,064

953

1,040

3,314

Bank premises

1,513

91

177

49

151

132

281

106

43

123

49

137

172

Other assets(6)

36,517

1,900

13,383

1,340

2,153

4,814

2,406

3,479

995

653

989

803

3,602

Interdistrict settlement account

0

- 1,161

-21,881

- 1,731

- 155

+11,648

+ 4,397

+ 6,122

+ 198

+12,322

- 991

+ 2,589

-11,356

TOTAL ASSETS

684,616

36,361

285,167

23,583

36,296

52,200

48,552

75,790

22,663

16,119

18,751

15,443

53,692

1 Cash value of agreements arranged through third-party custodial banks. These agreements are collateralized by U.S. government and federal agency securities.2 Face value of the securities.3 Includes $ 5,766 million of inflation-indexed securities valued at the original face amount and $ 558 million of compensation that adjusts for the effects of inflation on the principal of such securities.4 Includes $ 4,420 million of inflation-indexed securities valued at the original face amount and $ 388 million of compensation that adjusts for the effects of inflation on the principal of such securities.5 Net of $ 18,744 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 1,667 million that are fully collateralized by other U.S. government securities.6 Includes assets denominated in foreign currencies, revalued monthly at market exchange rates.

Components may not add to totals due to rounding.

H.4.1 (c)

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON January 23, 2002Millions of dollars

LIABILITIES

Total

Boston

New York

Philadelphia

Cleveland

Richmond

Atlanta

Chicago

St. Louis

Minneapolis

Kansas City

Dallas

SanFrancisco

Federal Reserve notes

600,651

30,933

253,051

20,804

29,923

44,417

44,248

66,586

20,894

13,890

16,343

13,418

46,144

Reverse repurchase agreements--triparty(1)

0

0

0

0

0

0

0

0

0

0

0

0

0

Deposits

Depository institutions

44,456

3,564

16,464

1,735

4,360

3,055

1,942

6,527

1,027

1,062

1,406

877

2,438

U.S. Treasury--general account

9,850

0

9,850

0

0

0

0

0

0

0

0

0

0

Foreign--official accounts

284

2

260

1

2

7

2

3

1

1

1

1

3

Other

220

1

126

0

2

85

0

1

1

0

3

1

1

Total deposits

Deferred credit items

11,752

858

1,480

477

498

911

1,159

800

323

718

508

728

3,291

Other liabilities and accrued dividends (2)

TOTAL LIABILITIES

669,523

35,502

281,968

23,127

34,916

48,684

47,538

74,167

22,349

15,733

18,354

15,111

52,074

CAPITAL ACCOUNTS

Capital paid in

7,420

419

1,504

221

681

1,759

447

790

149

307

192

164

788

Surplus

7,272

418

1,504

221

665

1,757

535

793

149

79

191

164

796

Other capital accounts

401

21

191

14

34

0

32

40

16

0

14

4

35

TOTAL LIABILITIES AND CAPITAL ACCOUNTS

684,616

36,361

285,167

23,583

36,296

52,200

48,552

75,790

22,663

16,119

18,751

15,443

53,692

FEDERAL RESERVE AGENTS' ACCOUNTS

F.R. notes outstanding

750,161

35,682

295,288

28,010

34,762

55,199

64,168

74,034

23,966

16,266

20,956

33,044

68,786

Less--Held by F.R. Banks

149,510

4,749

42,237

7,206

4,839

10,783

19,920

7,448

3,072

2,376

4,613

19,626

22,641

F.R. notes, net

600,651

30,933

253,051

20,804

29,923

44,417

44,248

66,586

20,894

13,890

16,343

13,418

46,144

Collateral held against F.R. notes

Gold certificate account

11,045

Special drawing rights

certificate account

2,200

Other eligible assets

0

U.S.govt. and agency securities(3)

587,406

Total collateral

600,651

1 Cash value of agreements arranged through third-party custodial banks. These agreements are collateralized by U.S. government and federal agency securities.2 Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments.3 U.S. government and agency securities bought outright or held under repurchase agreement are valued at face amount. Includes cash value of repurchase agreements under triparty arrangements and excludes the par value of securities pledged under reverse repurchase agreements.